The Minnesota Home Ownership Center offers resources and education to first time home buyers. The Center and our network of partners offers Home Stretch, a two-part program to simplify the home buying process and to prepare first-time home buyers for the important choices related to home ownership.
Learn more about the Home Stretch Program:
Attend a Home Stretch workshop to help you:
Determine your financial situation
Understand credit and credit issues
Discover the types of home ownership
Learn the role of the lender
Gain understanding of the loan closing process
Know your legal rights and responsibilities as a home owner
Participate in our individualized Home Stretch counseling to help you:
Explore financing options that best meet your household needs
Identify barriers to home ownership
Present solutions to remove barriers preventing home ownership
Create and implement a plan to help you become a successful home owner
Home Stretch counseling is offered through local community-based nonprofit organizations and may not be available in all areas. Contact your local Home Stretch provider to see if counseling is offered near you.
Home Buyer education may be required by some mortgage lenders in order for borrowers to qualify for affordable mortgage loans. Our Home Stretch education program has been approved to meet the requirement by most mortgage lenders, including:
| Minnesota Housing (Finance Agency) | |
| Fannie Mae & Freddie Mac (FNMA & FHLMC) | |
| Federal Housing Administration (FHA) | |
| Rural Development (RD) | |
| Mortgage Guaranty Insurance Corporation (MGIC) | |
| PMI Mortgage Insurance Corporation |
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Interested in learning more about the federal Tax Incentives for First Time Homebuyers? |
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To see a schedule of upcoming Home Stretch workshops in your area, visit the map page and choose your county.